Richemont thrives ☕ Stocks advance 📈 Inflation data, Big box retailers earnings 🛍️ GBPUSD x UK Hunt 🔍

FlowBank's hand-curated fresh financial news [View in browser](113/cXx8Z04/VW7Fmq7j5fQhW4NBMVj5F0klGVwDG2D4SlN0GM5Y3jk4Zjb_V3Zsc37CgSLSW3k2QVx73T8bCW3kmXx-201638W86LcWS8J8WggVd4FMT8cRlnpW6-tV8B3jtDhzW2qKSHp86Zt8ZW10Tq4J50RjN_W2Yf0nm2TK-XKW8_2tW96xX65XN5R4rkCyGSVsW2XjSL084ZgxGW6t5xmm6qbc-VW2m6kYN3xkn4sN5zrtZdjvpBJN7ZZ2grdy9GSW8_tNcX387_4PW48KDZs3MbY21VPh-DQ8HYP1fW8DWL0j5PHRqwW6S_75B4m2R8tW2B_GGV33CFDzVjdVLZ7JnDspN3Pk2vTGJwHpW1ZXNJ78GGLRgW4_43-W7-QT1fW81d1G47gbWvRN7B9rNFyNJPDN6YDCPL9dq8ZW2WM26j3gY21TVgF2Kj92yWdlVqZ_3K8vCyH8MF77cDnNjclMBth8gClM7nVg7WHF3Hs53D3dv11) [header_noDither] 14.11.2022 Good morning FlowBankers! Here's the latest market news, hand-curated by our research team. The Big Story [Cartier] Luxury goods company Richemont saw its shares gain 10.5% on Friday after posting strong growth and earnings, helped by its jewellery business. The luxury house saw profits from continuous operations rise 40%, boosted by jewellery sales up 24%. It noted it had a strong net cash position of €4.8 billion and would increase its dividend. [Start Trading](113/cXx8Z04/VW7Fmq7j5fQhW4NBMVj5F0klGVwDG2D4SlN0GM5Y3jD2-MK5V1-WJV7CgMJ5W9jQjtg5g3q3wLf83r_6l2_W3tZFyS6Z1___W7mrvS01wDtP4W452T3c5bw8V5W71D7r35r0mWYVfYtBL6_FbwqW1vwBBK1xn2fKW29d2v98jK5L8W3b3dTW4cVs-4W36VrvY1QmQkKW4fwV0B348mjZW8nbF7B7FkDdvW28KxGL48rdX1W9k-Fjh1b5K2lW1dxNVG86sFg-W7crGpV4C3j1WN2Cm5rjjtv21W8fwPSt51cBlSN7D4XjH_Tm3b3jmN1) Trader's Corner In focus this week • Investors will eye US PPI data, and CPI for the Eurozone and the UK, for further confirmation that inflation is cooling. Any softer-than-expected inflation numbers could add fuel to the rally in risk assets. • Traders will monitor US retail sales for insight into how consumers are faring ahead of the key holiday shopping season amid high inflation. Earnings from big box retailers Walmart, Home Depot, and Target will also be closely watched. • Lastly, the pound sterling could see volatility during UK Chancellor Jeremy Hunt's Thursday announcement of the government's new fiscal plan after his predecessor's mini-budget sent the pound plunging. Economic data this week • US: PPI, retail sales, jobless claims, building permits, existing home sales, manufacturing • Eurozone CPI, German ZEW economic sentiment • UK CPI, jobs, retail sales • Japan GDP, China Industrial Production Earnings this week • Walmart, Home Depot, Target, Lowe's, TJX, Ross Stores, Gap • Nvidia, Cisco, Applied Materials, Palo Alto Networks, A. Auto Parts • Tencent, Alibaba, JD, Netease, Baidu • Sonova, Vodafone, Imperial Brands, Alstom, Bouygues Crypto • The crypto space came under pressure last week, with Bitcoin falling by more than 20% on concerns about crypto-contagion from the liquidity crisis that forced crypto exchange FTX to file for Chapter 11 bankruptcy. • Shares of crypto bank Silvergate Capital surged more than 16% in after-hours on Friday after the lender said it had no exposure to FTX. [Screenshot 2022-11-13 at 17.00.15] [Start Trading](113/cXx8Z04/VW7Fmq7j5fQhW4NBMVj5F0klGVwDG2D4SlN0GM5Y3jD2-MK5V1-WJV7CgQRFW2HWlYK8T0bdsVpjqWd4QPPZwW7jsYsm1-rTGbW5640S32ZXPLYW71cXwL121TNwW4GVx4N7MwzrTW8zdZNg1GCJyfW84_wDF79sstbW2sMl0n7bRb8xN7gn1Zml91hcW4kYDGs6lMrqsW5kSV3Q1Q6_dqN2VBFC34YKKfW8vLV047Xdm47W7Bf2b37csrLrW1bLjnY3CV0JRN51x4J2r-nspW3TnBZ_8g2ysSW2rSk9z7H4bR0VlNnfW6kxbSc32HB1) Market Recap Stock indices closed the week sharply higher, with the S&P500 (+5.9%) posting an 8-week high, sparked by the weaker-than-expected US CPI report and hopes for a less hawkish Fed. Tech and industrial stocks were the biggest outperformers, led by large semis companies. Oil prices swung between gains and losses, ending the week slightly lower. News that the Chinese government is easing some of its pandemic travel restrictions supported prices. In forex, The dollar index fell by 4% on the week after the weaker US inflation reading, with CHF outperforming peers after hawkish comments from SNB Chairman. This morning, S&P500 futures are slightly lower. Treasury yields are modestly up, helping the dollar to recover. And Bitcoin is trading below 16'000, retesting last week's lows. Chart Of The Day The Nasdaq, led by US tech giants, jumped 8% on a weaker dollar as US inflation cools to its lowest level since January. [Chart of week - Nasdaq](113/cXx8Z04/VW7Fmq7j5fQhW4NBMVj5F0klGVwDG2D4SlN0GM5Y3jk2-MJQV1-WJV7CgBzDT_hd62tSHD-N6VFRPdnvdZVW76Cfgq3DtvXLN8gBygQxgB5CW1lCKqp50WYjcW1pFSy27bnNyhW7ppC443BwcZfW1yXNc79lMbxvW24z_-J24YsVFW4V_N5f2Dw7GsW3xgx5Y3sXfF-W7T02xb2NBH4mW2YcTc48DYbWnN4hCkjZswz4WV3Ds7z1gH2m0W80QNp91RVSTxW108Ff02WB4DbW2NTflP1N0N0f36rb1) FlowBank Blog Virtual YouTubers: ANYCOLOR stock up 620% [Anycolor](113/cXx8Z04/VW7Fmq7j5fQhW4NBMVj5F0klGVwDG2D4SlN0GM5Y3jk2-MJQV1-WJV7CgX8rW53XpWM2GgQXsW6LVDpP5zp7v6VyLz124YHKc5W6g-2TH9bzPMDW6V-whx5DgH9CN1stQyMg410cW3XsbyV3KjvTnW35RPkX6z5hTtVdxRj63m5QVjW8tNnlB2TRsRbW3D5tDG7HQtHXVLkY3Q1-VWM4W6vdlZb5-TzFKW6gmFBt5d8nQ8W4pRq_j1BbX0gW783Y-l3-41N5MYL2SWrPz_VVtBxtv2wbs7b31Gn1) Japanese entertainment company ANYCOLOR provides a new magical experience, fuelled by creativity and technology. Are virtual YouTubers and pop-idol culture here to stay? 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